Surcharge (payment systems)

surcharge
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.wikipedia
23 Related Articles

Payment

paymentscompensationpayee
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.
The payee may compromise on a debt, i.e., accept a part payment in full settlement of a debtor's obligation, or may offer a discount, E.G: For payment in cash, or for prompt payment, etc. On the other hand, the payee may impose a surcharge, for example, as a late payment fee, or for use of a certain credit card, etc.

Expressions Hair Design v. Schneiderman

In Expressions Hair Design v. Schneiderman, the United States Supreme Court held that New York’s “no-surcharge” law regulates speech, and remanded to the Second Circuit Court of Appeals to determine whether the law can survive First Amendment scrutiny.
Expressions Hair Design v. Schneiderman, 581 U.S. ___ (2017), was a United States Supreme Court decision that held that price controls, when used to prohibit the communication of prices of goods with regards to a surcharge, was a regulation of speech and required an analysis of the First Amendment's protections for freedom of speech.

Interchange fee

interchange feestransaction fees
In March 2015, the European Parliament voted to cap interchange fees to 0.3% for credit cards and to 0.2% for debit cards and subsequently issued, in November 2015, the Payment Services Directive (PSD2) prohibiting businesses from charging extra when consumers use credit cards or debit cards.
A surcharge would mitigate or even exceed the merchant discount paid by a merchant, but would also make the cardholder more reluctant to use the card as the method of payment.

Cheque

Checkingcheckchecks
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.

Credit card

credit cardscreditcredit-card
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.

Charge card

cardcharge cardscharge accounts
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.

Debit card

Debit Cardsdebitcard
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.

Cash

(pay by) cashbag of stolen moneycash income
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.

Visa Inc.

VisaVisa InternationalVisa card
A surcharge may be prohibited by card issuers, such as Visa and MasterCard, but the enforcement of the prohibition is not uniform.

Mastercard

MasterCard InternationalPayPassMasterCard Worldwide
A surcharge may be prohibited by card issuers, such as Visa and MasterCard, but the enforcement of the prohibition is not uniform.

Supreme Court of the United States

United States Supreme CourtU.S. Supreme CourtSupreme Court
In Expressions Hair Design v. Schneiderman, the United States Supreme Court held that New York’s “no-surcharge” law regulates speech, and remanded to the Second Circuit Court of Appeals to determine whether the law can survive First Amendment scrutiny.

United States Court of Appeals for the Second Circuit

Second Circuit2d Cir.Second Circuit Court of Appeals
In Expressions Hair Design v. Schneiderman, the United States Supreme Court held that New York’s “no-surcharge” law regulates speech, and remanded to the Second Circuit Court of Appeals to determine whether the law can survive First Amendment scrutiny.

First Amendment to the United States Constitution

First AmendmentFirstU.S. Const. amend. I
In Expressions Hair Design v. Schneiderman, the United States Supreme Court held that New York’s “no-surcharge” law regulates speech, and remanded to the Second Circuit Court of Appeals to determine whether the law can survive First Amendment scrutiny.

Reserve Bank of Australia

Reserve BankChairman of the Reserve Bank of AustraliaRBA
Since the Reserve Bank of Australia's 2003 requirement that the card brands remove the 'no-surcharge' rules that had previously been in effect, Australia has seen a significant increase in the number of businesses opting to pass on transaction costs, with approximately 42% of Australian businesses assessing transaction fees in 2013.

List of Statutory Instruments of the United Kingdom, 2012

Consumer Rights (Payment Surcharges) Regulations 2012
In the United Kingdom, the Consumer Rights (Payment Surcharges) Regulations 2012 limit payment surcharges with some exceptions.

Telephone booth

phone boothtelephone boxtelephone kiosk
Payments for the supply of water, gas and electricity are regulated but payments for calls from public telephones are not regulated.

Federal Reserve Bank of Boston

BostonBoston Federal ReserveBoston Federal Reserve Bank
The Boston Federal Reserve argues: "Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or “cash”) users because merchants generally do not set differential prices for card users to recoup the costs of fees and rewards. On average, [...] each card-using household receives $1,133 from cash users every year."

Fandango (company)

FandangoFandango.comFandangoNOW
Fandango charges a premium, ranging from 75¢ (for online orders) to $2.50 (which includes an additional surcharge for phone orders), to reserve a ticket to be printed out upon arrival at a movie theater, thereby avoiding lines.

Green bank

Green Banks
A state or local government may place a small surcharge on energy bills within its jurisdiction, and may require that the funds raised by this charge be disbursed to a green bank.